Reinsurance News
Argo Group
ArgoGlobal names Veronica Grigg as senior executive officer for Asia
5th March 2018
ArgoGlobal, a division of Argo Group, has announced the appointment of Veronica Grigg as senior executive officer for ArgoGlobal Asia, set to take up her role in the firm's Singapore office in April, subject to regulatory approval. Grigg is an industry veteran with over 25 years of industry experience in the Asia ... Read the full article
Swiss Re & Argo backed cyber insurer Coalition raises $10 mn
1st March 2018
Swiss Re and Argo backed cyber insurer Coalition has raised $10 million in Series A funding from leading technology investors including Vy Capital, Ribbit Capital, Valor Equity Partners, Sam Altman (President, Y Combinator), and Deep Nishar (Senior Managing Director, Softbank Vision Fund). Proceeds from the funding will be used to grow Coalition’s ... Read the full article
Argo Pro partners with eBaoTech to streamline core processes
27th February 2018
Argo Pro, a division of Argo Group, has announced a partnership with leading digital-insurance-solutions provider, eBaoTech Corporation, to streamline and modernise Argo Pro’s core insurance processes. Argo Pro will use eBaoTech’s platform to integrate policy administration, claims handling, billing and sales-channel administration, to enhance Argo Pro's management liability products that can ... Read the full article
ArgoGlobal launches the first Lloyd’s consortium for motor treaty in time for 1/1
12th February 2018
Lloyd's of London insurer and member of Argo Group, ArgoGlobal, has announced the launch of the first Lloyd's Market consortium for motor treaty business, which was supported by Barbican Insurance Group. The consortium, which was led by ArgoGlobal, was launched in time for the January 1st, 2018 renewals, and enables carriers ... Read the full article
Argo Group announces Q4 cat losses of up to $38 million
24th January 2018
Argo Group International Holdings, Ltd. has announced a preliminary pre-tax catastrophe loss estimate of between $34 million and $38 million for the fourth-quarter of 2017, driven primarily by the California wildfires. The $34 million to $38 million range is net of ceded reinsurance recoverables, reinstatement premiums and expected profit commissions, and ... Read the full article
Report highlights CRO role shift from technical expert to business advisor
16th January 2018
The role of the Chief Risk Officer (CRO) has rapidly evolved in both scope and importance in the years since the financial crisis to now play a more centric role in shaping business strategy, according to a joint paper by the Lloyd's Market Association’s (LMA) Chief Risk Officer Committee and ... Read the full article
Argo renews reinsurance sidecar vehicle Harambee Re for 2018
15th January 2018
Specialty re/insurer Argo Group International has announced the renewal of its Harambee Re sidecar reinsurance vehicle for 2018. Launched in 2013, Argo said the sidecar continues the firm's "successful track record of building relationships with third-party capital providers to support the company’s growing insurance and reinsurance portfolios." Argo Group Chief Executive Officer ... Read the full article
Swiss Re Corporate Solutions & Argo Group back cyber insurer Coalition
6th December 2017
Cyber risk insurance solution provider Coalition launched today with its cyber solutions backed by capacity from Swiss Re Corporate Solutions and Argo Group. Coalition was co-founded by technology entrepreneurs Joshua Motta and John Hering, and provides a full range of cybersecurity products for small to midsize businesses (SMBs) as well as comprehensive ... Read the full article
SMEs remain underprepared as cyber threat grows
24th November 2017
Small-medium sized enterprises (SMEs) remain particularly vulnerable to cyber attacks, with just half of SMEs surveyed by Argo Group having purchased protection despite the drastically rising threat of cyber crime. Nearly two-thirds of SMEs surveyed have already been victims of a cyber incident, but the majority of firms remain underprepared with ... Read the full article
Argo estimates Q3 cat losses of up to $110 million
17th October 2017
Specialty insurer and reinsurer, Argo Group International Holdings, Ltd., has announced estimated catastrophe losses for the third-quarter of 2017 of between $85 million and $110 million, pre-tax and net of reinsurance, reinstatement premiums and expected profit commissions. The reinsurer attributes much of the loss to hurricanes Harvey, Irma, and Maria, as ... Read the full article
David Higley joins Argo from The Hartford
13th October 2017
Argo Group International Holdings, Ltd. has announced the hiring of David Higley as Head of U.S. property and inland marine, reporting to Ron Vindivich, President, E&S, Colony Specialty. Higley joins from The Hartford, and in his new role will lead the firm's U.S. property unit, which is made up of Alteris ... Read the full article
Argo appoints former Travelers underwriter Steve Eccles to CUO
6th October 2017
Specialty re/insurer Argo Group International Holdings has named former Travelers Insurance underwriter, Steve Eccles, as new chief underwriting officer (CUO) of its international business. Eccles will report to head of international, Jose Hernandez, in his CUO role; “Argo Group continues to build an impressive international platform with a growing bench of ... Read the full article
Argo Group member, Colony, hires two within its U.S. Casualty Division
15th September 2017
Argo Group International Holdings, Ltd. member, Colony Specialty, has announced two new appointments within its U.S. Casualty Division. Mike York has been named regional manager, North Region, and brings more than 22 years of industry experience to the firm. Prior to his new position, York was Assistant Vice President (AVP), Underwriting ... Read the full article
Situation in London & other re/insurance markets unsustainable: Argo CEO Watson
10th September 2017
The situation in London and similar insurance and reinsurance markets is "unsustainable" as soft pricing, excess capital and high competition are leading underwriters to make decisions they may regret, according to Argo Group CEO Mark E. Watson III. In a letter to shareholders Argo CEO Watson recognises the tough re/insurance market ... Read the full article
Colony Specialty appoints Kelly Killimett to head of environmental business
18th August 2017
Colony Specialty, a member of Argo Group International Holdings, has named Kelly Killimett as new head of the firm's environmental business succeeding Marsh Duncan who will move into a role as head of digital business development. Killimett reports to Ron Vindivich, president, Argo Group U.S. Excess & Surplus Lines, Duncan will ... Read the full article
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